Spot Bitcoin exchange-traded funds in the US recorded an eighth consecutive day of positive net inflows.
On Monday alone, they saw inflows of $202.6 million, signaling continued investor interest in Bitcoin despite recent market volatility.
BlackRock’s IBIT made the most significant impact, attracting $224.1 million – the largest single-day inflow for the fund since July 22.
However, other spot Bitcoin ETFs showed relatively weak activity compared to BlackRock’s.
Franklin Templeton’s EZBC and WisdomTree’s BTCW saw minor positive inflows of $5.5 million and $5.1 million, respectively.
However, not all funds posted gains.
Bitwise’s BITB led the outflows, losing $16.61 million, followed by Fidelity’s FBTC, which saw $8.33 million withdrawn. VanEck’s HODL also saw an outflow of $7.18 million.
Meanwhile, other funds, including Grayscale’s GBTC, showed no significant movements.
JPMorgan analysts are raising doubts about Bitcoin’s role as “digital gold” as demand for traditional gold continues to strengthen.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The U.S. Bitcoin mining sector is gearing up for potential challenges after President Donald Trump announced new tariffs, set to take effect on April 5.
The cryptocurrency market faced a sharp decline after President Donald Trump announced new tariffs, triggering a sell-off that wiped out around $509 million in value.